Targa Resources Corp. (TRGP) Gains from Geopolitical Tensions

Targa Resources Corp. (TRGP) Gains from Geopolitical Tensions Soumya Eswaran Thu, July 2, 2026 at 8:18 PM GMT+7 3 min read TRGP Times Square Capital Management, an equity investment management company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Strategy fell 7.72% (net) in the quarter compared to -6.35% for the Russell Midcap Growth Index. In the first quarter, markets navigated geopolitical tensions and economic resilience alongside temporary global tariffs. High oil prices and supply chain disruptions followed U.S. and Israeli involvement in Iran, prompting a shift to safer assets and a reevaluation of supply chains and energy dependencies. Central banks maintained steady policies despite energy-driven inflation. In this environment, the Strategy remains focused on disciplined management teams with durable competitive advantages. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.

In its first-quarter 2026 investor letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Targa Resources Corp. (NYSE:TRGP). Targa Resources Corp. (NYSE:TRGP) is a North American midstream services provider and independent infrastructure company that owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets. On July 1, 2026, Targa Resources Corp. (NYSE:TRGP) closed at $257.81 per share, reflecting a market capitalization of $55.34 billion. Targa Resources Corp. (NYSE:TRGP) posted a one-month return of -3.58%, while its shares gained 48.58% over the past 52 weeks.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Targa Resources Corp. (NYSE:TRGP) in its Q1 2026 investor letter: